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The PBOC set the yuan central parity at 6.5668 per dollar, the strongest level in more than 14 months. The dollar index had risen despite a weak US jobs report, and investors turned cautious after North Korea's nuclear test.
The onshore yuan had closed at 6.5596 in night trading.
Yuan strength against the dollar, driven by a firmer fixing and risk sentiment, lowers the local-currency cost of dollar-denominated imports. The direct impact on feed commodity prices is small.
yicaiglobal.comLiao ShuminSep 4, 2017After 362 past bearish macro events, USDCNY moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
